HCM City (VNA) – The US State of Oregon wants to boost trade and investment relations 💎with Vietn🔴am and Ho Chi Minh City in particular.
Mayor of the State’s Beaverton city Denny Doyle, who is leading a delegation from the Portland Business Alliance, expressed the wish at a meeting with Chairman of the HCM City People’s Committee Nguyen Thanh Phong in the city on November 17.
He said US investors such as Nike and Columbia Sportswear recognised the city's attention and efforts to improve the investment climate, thus reinforcing trust of the two sides’ businesses in the bilateral cooperation opportunities.
The mayor confirmed that his city and the Oregon State in general are willing to support and share experience with HCM City to address problems in urban development and environmental pollution as well as improve the quality of education and life for local residents.
Chairman Nguyen Thanh Phong said HCM City is pioneering in enhancing the comprehensive partnership between Vietnam and the US.
The southern metropolis has become a popular destination for US businesses and investors, he said, pledging to create the optimal conditions for US companies, including those from the Oregon State , to make investment, particularly in the fields of their strenghs such as finance, start-up, logistics and seaport.
He proposed Beaverton support HCM City to build and manage the smart city for sustainable development.
Local authorities are also ready to connect domestic and US enterprises to carry out collaborative activities, specifically in education, trade and investment, he confirmed./.
The US has become Vietnam’s leading trade and investment partner, which has been reflected through impressive trade values between the two countries over recent years.
Ho Chi Minh City expects to welcome a new wave of US investors once the Trans-Pacific Partnership (TPP) takes effect, Vice Chairman of the municipal People Committee Le Thanh Liem said on March 7.
US enterprises are considering Vietnam as a priority market in the ASEAN region for their business and investment expansion in 2017, according to he 2017 ASEAN Business Outlook Survey.
Deputy Prime Minister and Foreign Minister Pham Binh Minh and US Deputy Secretary of State Antony Blinken agreed on the need for Vietnam and the US to increase delegation exchanges and dialogues.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Illustrative image (Source: VNA)
